GBPUSD pair analytics based on round levels, price channels and modified wave analysis.
GBPUSD Technical Forecast
The resistance level of 1.2480 holds back the bulls in the GBPUSD pair. An ascending truncated structure of the H4 level is formed. A bearish divergence is forming on the Awesome Oscillator indicator, and the Stochastic Oscillator indicator signals GBPUSD overbought.
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Trading solution for traders in the GBPUSD pair 10/04/2020
Sell the GBPUSD pair Strictly at the end of the ascending truncated structure of the H4 level by breaking through the inclined channel. Entrance on the formation of a descending structure.
Stop Loss for a local maximum (1.2480).
Target levels - 1.2200 (closing part of the transaction and transferring to breakeven); 1.1976; 1.1711; 1.1445.
Grand Capital Analytics
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